Using four or more sentences explain the concept of inflation and how it measured

Question

Helen Mathews

Social Studies

30 March, 23:51

Using four or more sentences explain the concept of inflation and how it measured

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Answers (2)

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Russell Larsen · Answer 1

Inflation is an increase in value of money. This is counted in terms of supply and demand. The more people want something, the more they are willing to pay. People are wanting materialistic things more and more. This is causing the price to increase.

Janet Blair · Answer 2

Inflation is the price increase in sales. The demand of a product may cause the sale price to increase. The more someone wants something the more they are willing to give. It can be measured by subtracting the original price. If taxes are included those would also be increased.